Homebox doesn't respect views block tpl's and preprocess functions

When homebox renders block output from views blocks it seems to overlook any block level preprocessing or templates already in place. More specific the issue I am encountering is with Views blocks that have a display style set to unformatted.

Prior to using homebox, formatting of these views blocks was accomplished in theme__preprocess_views_view_unformatted__block. Variables and content were formatted for output to the views-view-unformatted--block.tpl file. When using the theme developer tool to see what preprocess functions and templates are effecting the output of homebox blocks, it only displays homebox-block.tpl and template_preprocess.

This is a problem because at the point that views block content is being entered into homebox-block.tpl it has already been formatted into html, and variables processed which does not allow a way to modify the formatting of views block content before it is output.